Netflix Reports Strong Q2 Earnings but Shares Drop Due to Weak Guidance
Netflix reported strong second-quarter earnings with record revenue and modest net income growth, yet its stock fell nearly 9% due to weaker-than-expected guidance for the third quarter. The sell-off was driven by reduced viewership disclosure and downward revisions in full-year forecasts.
Tickers: $NFLX
Topics: guidance revision Netflix Q2 earnings stock price drop